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Nasdaq, Inc.

NDAQ
Exchange
Nasdaq
Industry
Security & Commodity Brokers, Dealers, Exchanges & Services
SEC CIK
0001120193

In the last 90 days, Nasdaq, Inc. insiders filed 0 open-market purchases and 9 sales; 1,091 institutions reported holding it in 13F filings for Q2 2026, worth $37.2B in total; Harris Associates (Oakmark) is the only superinvestor holding it.

13F holders, Q3 2025

Institutional positions in Nasdaq, Inc. as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
1,047
+39 vs. Q2 2025
Shares held
475.0M
+1.63M (+0.3%) vs. Q2 2025
Total value
$42.0B
−$319.0M (−0.8%) vs. Q2 2025
New holders
127
430 more added
Sold out
88
317 more reduced

14 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting NDAQ on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 1,047 institutions
Q1 2021: 593 institutionsQ2 2021: 602 institutionsQ3 2021: 617 institutionsQ4 2021: 716 institutionsQ1 2022: 680 institutionsQ2 2022: 646 institutionsQ3 2022: 683 institutionsQ4 2022: 718 institutionsQ1 2023: 690 institutionsQ2 2023: 697 institutionsQ3 2023: 701 institutionsQ4 2023: 727 institutionsQ1 2024: 766 institutionsQ2 2024: 759 institutionsQ3 2024: 844 institutionsQ4 2024: 908 institutionsQ1 2025: 935 institutionsQ2 2025: 1,022 institutionsQ3 2025: 1,047 institutionsQ4 2025: 1,104 institutionsQ1 2026: 1,100 institutionsQ2 2026: 1,091 institutions
Value heldQ3 2025: $42.0B
Q1 2021: $18.0BQ2 2021: $21.3BQ3 2021: $23.5BQ4 2021: $26.0BQ1 2022: $21.6BQ2 2022: $18.4BQ3 2022: $20.6BQ4 2022: $22.4BQ1 2023: $19.8BQ2 2023: $18.0BQ3 2023: $17.4BQ4 2023: $25.3BQ1 2024: $30.3BQ2 2024: $28.8BQ3 2024: $34.9BQ4 2024: $37.0BQ1 2025: $36.9BQ2 2025: $42.8BQ3 2025: $42.0BQ4 2025: $46.7BQ1 2026: $39.7BQ2 2026: $37.2B
Institutions holding NDAQ and their total value by quarter
QuarterHoldersValue
Q2 20261,091$37.2B
Q1 20261,100$39.7B
Q4 20251,104$46.7B
Q3 20251,047$42.0B
Q2 20251,022$42.8B
Q1 2025935$36.9B
Q4 2024908$37.0B
Q3 2024844$34.9B
Q2 2024759$28.8B
Q1 2024766$30.3B
Q4 2023727$25.3B
Q3 2023701$17.4B
Q2 2023697$18.0B
Q1 2023690$19.8B
Q4 2022718$22.4B
Q3 2022683$20.6B
Q2 2022646$18.4B
Q1 2022680$21.6B
Q4 2021716$26.0B
Q3 2021617$23.5B
Q2 2021602$21.3B
Q1 2021593$18.0B

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Nasdaq, Inc.; share changes are against Q2 2025.

Institutions holding NDAQ in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Foster Victor Wealth Advisors, LLC281,177$24.6M1.53%−1,995−0.7%Reduced
McRae Capital Management Inc279,257$24.7M4.90%−8,904−3.1%Reduced
Twinbeech Capital LP281,235$24.9M0.98%+250,086+802.9%Added
Arrowstreet Capital, Limited Partnership283,892$25.1M0.02%−230,559−44.8%Reduced
State of Wisconsin Investment Board285,140$25.2M0.06%+30,487+12.0%Added
Pictet Asset Management Holding SA285,402$25.2M0.02%−8,919−3.0%Reduced
National Bank of Canada293,357$25.9M0.03%−168,746−36.5%Reduced
Russell Investments Group, Ltd.300,865$26.6M0.03%−49,700−14.2%Reduced
Squarepoint Ops LLC308,779$27.3M0.06%+294,105+2,004.3%Added
Toronto Dominion Bank310,618$27.5M0.05%+13,850+4.7%Added
Commerce Bank312,420$27.6M0.15%+359+0.1%Added
Danske Bank A/S317,245$28.1M0.07%+31,545+11.0%Added
CI Private Wealth, LLC319,588$28.3M0.04%−3,146−1.0%Reduced
Assenagon Asset Management S.A.319,674$28.3M0.04%+48,159+17.7%Added
New York State Teachers Retirement System322,375$28.5M0.06%+1,469+0.5%Added
Standard Life Aberdeen plc324,096$28.6M0.05%+14,251+4.6%Added
Dearborn Partners LLC323,743$28.6M1.34%−5,830−1.8%Reduced
Gotham Asset Management, LLC326,195$28.9M0.13%+140,761+75.9%Added
Public Employees Retirement Association of Colorado329,987$29.2M0.11%−70,100−17.5%Reduced
Pathstone Holdings, LLC336,556$29.8M0.11%−1,672−0.5%Reduced
Nordea Investment Management AB339,507$30.1M0.03%−97,719−22.3%Reduced
Aviva PLC341,234$30.2M0.05%+19,753+6.1%Added
Campbell Newman Asset Management Inc341,804$30.2M2.21%+7,530+2.3%Added
Millennium Management LLC342,882$30.3M0.02%−626,544−64.6%Reduced
Stifel Financial Corp346,316$30.6M0.03%−43,196−11.1%Reduced
Frontier Capital Management Co LLC346,813$30.7M0.28%+33,537+10.7%Added
Citigroup Inc347,299$30.7M0.02%−64,456−15.7%Reduced
SEI Investments Co352,101$31.1M0.03%+30,963+9.6%Added
State Board of Administration of Florida Retirement System361,670$32.0M0.06%−28,692−7.4%Reduced
Truist Financial Corp372,963$33.0M0.04%−18,166−4.6%Reduced
Braun Stacey Associates Inc376,754$33.3M1.09%−5,560−1.5%Reduced
Vaughan Nelson Investment Management, L.P.379,744$33.6M0.31%−15,890−4.0%Reduced
Bank of Nova Scotia381,573$33.8M0.06%+100,276+35.6%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.386,215$34.2M0.09%+58,216+17.7%Added
New York State Common Retirement Fund414,158$36.6M0.05%−4,668−1.1%Reduced
Engineers Gate Manager LP415,231$36.7M0.42%+314,615+312.7%Added
Evelyn Partners Investment Management LLP416,336$36.8M1.05%−1110.0%Reduced
Mackenzie Financial Corp432,074$38.2M0.05%+198,045+84.6%Added
Korea Investment CORP435,660$38.5M0.08%+136,326+45.5%Added
NorthCrest Asset Manangement, LLC442,143$39.1M0.93%+7,787+1.8%Added
Raiffeisen Bank International AG447,961$39.7M0.53%+42,740+10.5%Added
Thrivent Financial for Lutherans454,381$40.2M0.08%+7,770+1.7%Added
Alliancebernstein L.P.463,567$41.0M0.01%+20,701+4.7%Added
Teacher Retirement System of Texas471,492$41.7M0.17%+245,581+108.7%Added
Credit Agricole S A477,090$42.2M0.14%+477,090New
LGT Capital Partners Ltd.479,668$42.4M2.06%−169,913−26.2%Reduced
Sterling Capital Management LLC480,281$42.5M0.62%−33,378−6.5%Reduced
Benjamin Edwards Inc484,951$42.9M0.48%+5,994+1.3%Added
Cubist Systematic Strategies, LLC497,093$44.0M0.62%+371,608+296.1%Added
Trexquant Investment LP499,151$44.1M0.46%+381,922+325.8%Added
Burkehill Global Management, LP500,000$44.2M2.51%00.0%Unchanged
Seven Grand Managers, LLC500,000$44.2M3.59%00.0%Unchanged
Dundas Partners LLP530,283$46.9M3.31%+29,524+5.9%Added
La Banque Postale Asset Management SA537,464$47.5M0.58%+22,606+4.4%Added
Artisan Partners Limited Partnership546,057$48.3M0.07%−57,322−9.5%Reduced
Rockefeller Capital Management L.P.547,489$48.4M0.09%+370.0%Added
Walleye Capital LLC555,391$49.1M0.40%−62,772−10.2%Reduced
LPL Financial LLC556,166$49.2M0.01%+42,405+8.3%Added
Close Asset Management Ltd565,864$50.0M1.11%−45,806−7.5%Reduced
Canada Pension Plan Investment Board568,461$50.3M0.04%+175,206+44.6%Added
Shapiro Capital Management LLC573,785$50.8M2.20%−197,165−25.6%Reduced
Adage Capital Partners GP, L.L.C.589,347$52.1M0.08%+10,707+1.9%Added
FIL Ltd600,642$53.1M0.04%−8,510−1.4%Reduced
National Pension Service605,551$53.6M0.04%+19,078+3.3%Added
STRS Ohio607,361$53.7M0.20%+227,858+60.0%Added
Blair William & Co616,622$54.5M0.15%+34,524+5.9%Added
Universal- Beteiligungs- und Servicegesellschaft mbH619,717$54.8M0.09%+13,947+2.3%Added
California State Teachers Retirement System631,875$55.9M0.06%+23,501+3.9%Added
Royal Bank of Canada642,649$56.8M0.01%−12,515−1.9%Reduced
Munich Reinsurance Co Stock Corp in Munich650,366$57.5M1.44%+650,366New
Price T Rowe Associates Inc658,955$58.3M0.01%+62,808+10.5%Added
First Trust Advisors LP666,369$58.9M0.04%+24,514+3.8%Added
Natixis Advisors, L.P.669,586$59.2M0.09%−38,191−5.4%Reduced
Eventide Asset Management, LLC674,642$59.7M0.98%+129,741+23.8%Added
Stony Point Capital LLC717,221$63.4M4.44%+34,087+5.0%Added
Renaissance Technologies LLC778,300$68.8M0.09%−358,380−31.5%Reduced
Healthcare of Ontario Pension Plan Trust Fund795,494$70.4M0.13%+656,504+472.3%Added
Bank of Montreal837,797$74.1M0.03%+429,119+105.0%Added
Manning & Napier Advisors LLC861,664$76.4M0.97%−52,466−5.7%Reduced
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.876,648$77.5M0.06%+75,994+9.5%Added
Diamond Hill Capital Management Inc898,678$79.5M0.38%−1,659,015−64.9%Reduced
Wells Fargo & Company924,519$81.8M0.02%−27,634−2.9%Reduced
Rhumbline Advisers942,778$83.4M0.07%+625+0.1%Added
Union Bancaire Privee, UBP SA1,042,394$86.2M1.77%−338,478−24.5%Reduced
BNP Paribas Arbitrage, SA1,037,093$91.7M0.07%+694,356+202.6%Added
Handelsbanken Fonder AB1,038,328$91.8M0.29%−62,579−5.7%Reduced
Voloridge Investment Management, LLC1,066,238$94.3M0.32%+389,897+57.6%Added
Chevy Chase Trust Holdings, Inc.1,100,667$97.4M0.27%+73,412+7.1%Added
Flossbach Von Storch AG1,126,905$99.7M0.39%−46,085−3.9%Reduced
Sumitomo Mitsui Trust Holdings, Inc.1,149,414$101.7M0.06%+13,121+1.2%Added
Jane Street Group, LLC1,153,685$102.0M0.12%−6,051,447−84.0%Reduced
Balyasny Asset Management LLC1,154,843$102.1M0.21%−486,280−29.6%Reduced
California Public Employees Retirement System1,229,567$108.8M0.07%−204,074−14.2%Reduced
Raymond James Financial Inc1,232,276$109.0M0.04%−51,929−4.0%Reduced
Prana Capital Management, LP1,237,683$109.5M3.65%+533,184+75.7%Added
Robeco Institutional Asset Management B.V.1,245,871$110.2M0.16%+469,904+60.6%Added
Lazard Asset Management LLC1,262,808$111.7M0.15%+448,606+55.1%Added
HSBC Holdings PLC1,271,958$112.3M0.07%+197,333+18.4%Added
Deutsche Bank AG1,424,059$126.0M0.04%−601,754−29.7%Reduced
Liontrust Investment Partners LLP1,551,725$137.3M2.01%−76,025−4.7%Reduced